Exploration Work

Historic surface sampling conducted at McKay Hill during the 1920s returned high-grade silver, lead and zinc mineralization associated with vein structures. More recent field work by Metallic Minerals, and its predecessor, confirmed these high Ag-Pb-Zn values as well as the presence of significant gold and copper.

Exploration work completed in Q3 2017 included follow up rock and soil sampling, reconnaissance and detailed mapping of veins in the Central Zone and Independence Ridge areas. In addition, high resolution satellite photography was collected over the entire property to provide mapping and topographic ground control for use in future programs. Soil sampling extended the existing soil grid in the Central Zone to cover open anomalies and a new soil grid was established at the Independence Ridge area. Mapping and prospecting noted some distinctive hydrothermal and structural characteristics to the mineralization, which suggests the potential for a large mineralized system.

Most of the exploration at McKay Hill to date has been conducted on the Central Zone where veins No. 1 to 9, Bella, Blackhawk and Snowdrift occur near the area of historic production. Much of the claim block remains under-explored, particularly in the Independence Ridge area to the east of the Central Zone, where at least four vein zones are exposed. Additional vein targets occur to the north and west of the Central Zone near the Falls, Red, and White Hill targets. Highlights from sampling to date at McKay Hill are shown below in Table 1, with 2017 samples denoted by an asterisk. In total, exploration work has yielded 35 samples greater than 1,000 g/t silver equivalent from 12 of the 16 known vein structures.

Figure 1 - Rock Sample Geochemistry and Soil Sample Location Map

The assay results from rock sampling and soil grid work have verified the potential for high-grade silver, lead, and zinc mineralization, as well as demonstrated very significant gold and copper in this emerging district scale property. Two distinct soil anomalies remain open to further expansion covering more than 1.5 kms of total length with elevated silver, gold, lead, zinc and copper values.

Table 1. Highlight Rock Sample Values to Date from McKay Hill:

Sample

Vein

Type

Ag g/t

Au g/t

Pb %

Zn %

Cu %

Ag Eq g/t

29887

No. 1 W

Grab

502

0.77

46.4

0.47

2.40

3056

526147

No. 2

Grab

608

0.22

35.2

3.50

3.22

2852

526238

No. 6

1.1m Chip

683

0.83

40.5

0.40

0.78

2770

1907517*

No. 6

Grab

988

24.4

37.7

3.71

7.97

5812

1907519*

No. 6

Grab

742

2.36

40.0

14.72

2.92

3945

MK002

No. 8

Grab

646

16.8

27.0

0.14

0.64

3314

29889

Blackhawk

Grab

484

0.9

54.7

3.33

0.53

3374

526243

Central

Grab

360

3.3

21.8

10.30

4.10

2680

MK006

Snowdrift

Grab

668

15.6

2.4

0.94

3.90

2510

29886

Snowdrift

Grab

534

2.49

47.0

0.46

2.16

3225

113852*

Independence

Grab

706

0.18

77.8

0.38

1.63

4600

526245

Falls Vein

1.1m Chip

1.1

10

0.1

0.02

0.01

787

526241

North

Grab

372

1.84

22.7

7.01

1.96

2194

Metallic Minerals technical team has begun developing future programs which are expected to commence in 2018 and consist of:

Additional prospecting and reconnaissance work in areas of the property not covered in 2017;

Expansion of the existing soil grids of the Central Zone and Independence Ridge areas where the anomalous trends remain open;

Trenching and geophysical surveys to define and prioritize potential drill targets on the most advanced prospects including the No. 1, 6, and 8 veins, and the Snowdrift, Blackhawk and Independence veins; and

Potential drilling on the most advanced targets identified through preliminary surface work.

Subscribe to our Email List

Select Country

Canada

United States

Other

By providing your e-mail address, you are consenting to receive press releases, quarterly and annual reports, presentations and other information concerning Metallic Minerals Corporation and its affiliates and partners.